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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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\par \pard \hyphpar0 <NAME> EQUITY INCOME PORTFOLIO
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\par }
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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\par }\pard \tx0\hyphpar0 {\f4 <NAME> BALANCED PORTFOLIO
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\par }}
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> TOTAL RETURN PORTFOLIO
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<NET-CHANGE-IN-ASSETS> (82142749)
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<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE>6
<NAME>EQUITY PORTFOLIO
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1997
<PERIOD-END> MARCH-31-1997
<INVESTMENTS-AT-COST> 2948301351
<INVESTMENTS-AT-VALUE> 3611420976
<RECEIVABLES> 8331779
<ASSETS-OTHER> 68808487
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3688561242
<PAYABLE-FOR-SECURITIES> 5986457
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 228033995
<TOTAL LIABILITIES> 234020452
<SENIOR-EQUITY> 0
<PAID-IN CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
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<INTEREST-INCOME> 6218164
<OTHER-INCOME> 0
<EXPENSES-NET> 8282394
<NET-INVESTMENT-INCOME> 30086655
<REALIZED-GAINS-CURRENT> 195764259
<APPREC-INCREASE-CURRENT> 15687803
<NET-CHANGE-FROM-OPS> 241538717
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<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 169492695
<ACCUMULATED-NII-PRIOR> 0
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</TABLE>
